XRP Price Rises 0.096% Amid Legal Developments and Coinbase Wallet Shifts

XRP's latest price was $3.13, up 0.096% in the last 24 hours. The cryptocurrency market is abuzz with developments surrounding XRP, with significant legal and operational changes unfolding. Ripple and the SEC are expected to dismiss their appeals in the XRP lawsuit before the August 15, 2025 status report deadline, signaling a potential resolution to this high-profile legal battle. The lawsuit’s resolution could set a regulatory precedent in the cryptocurrency market, potentially affecting broader marketplace strategies. The ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may soon resolve. Both parties are expected to dismiss their respective legal appeals by August 15, 2025, according to legal assessments. Ripple has already paid a $125 million fine as the parties prepare to realign their legal strategies. Regulatory clarity may influence XRP’s market volatility, with increased trading expected. Ripple aims for transparency following the settlement, and the entire cryptocurrency market is watching these changes closely for broader implications. The actions could significantly impact investor sentiment. Market analysts refer to these proceedings as a potential bellwether for regulatory approaches to other digital assets. The cryptocurrency community, especially XRP holders, watches eagerly as developments unfold. While Ripple and SEC have not directly confirmed dismissals, there's widespread anticipation from legal experts aiming for an amicable conclusion to longstanding disputes. Future regulatory actions may hinge on this case, affecting future technological innovation and compliance frameworks for the digital assets sector. Historically, such legal resolutions can alter market dynamics significantly.

Coinbase has initiated a major restructuring of its XRP cold storage, with blockchain data revealing a 40 percent reduction in its funded wallets. The movement was first reported by @XRPwallets on X (formerly Twitter), a well-known tracker of XRP-related addresses. According to the tracker’s post on June 9, Coinbase held a total of 52 cold wallets comprising 10 wallets with 26.8 million XRP and 42 wallets with 16.8 million XRP, totaling an estimated 970 million XRP. However, a follow-up post published on July 29, 2025, confirms that only 35 of those wallets remain funded, each now holding 16.8 million XRP. This sharp reduction in wallet activity has coincided with significant outbound transfers. One such transaction involved 16.8 million XRP moved from a cold storage address labeled “Cold Wallet 400” to a Coinbase hot wallet. These movements are being actively monitored by on-chain watchers. Responding to community queries, @XRPwallets noted that approximately 8 million XRP is being reallocated to new subwallets, some of which appear to be connected to Bitstamp and BitGo. Both platforms are known participants in Ripple’s On-Demand Liquidity (ODL) framework. This suggests that the ongoing changes may be tied to internal preparations related to liquidity deployment or XRP price positioning. The nature of these wallet activities points to a calculated strategy rather than an emergency measure. Coinbase’s structured movement of XRP into Ripple-associated channels indicates a realignment in how the exchange handles reserve management. Such transfers often precede enhanced market participation or preparation for high-volume utility, especially within Ripple’s cross-border transaction systems. The involvement of entities like Bitstamp and BitGo further supports the view that these changes are operational, not reactive. Additionally, the connection to Ripple-associated infrastructure raises the possibility that Coinbase is aligning itself more closely with liquidity networks that support faster and more efficient cross-border settlement. Coinbase’s silent XRP cold wallet overhaul has resulted in hundreds of millions of XRP moving across the network. Based on updates from @XRPwallets, these movements appear to reflect a calculated operational adjustment rather than market exit. The migration of XRP into Ripple-connected destinations further supports the theory of a long-term liquidity strategy being put in place.

Coinbase's XRP holdings have decreased by 40% after a significant wallet rotation, with the changes mainly occurring across its cold wallets. This reorganization suggests operational shifts rather than market withdrawal, with no immediate impact on XRP's price but increased trading volume observed. Coinbase has reduced its XRP holdings by approximately 40% following a significant wallet rotation. The on-chain data indicates that this adjustment is part of an operational strategy, not a direct market withdrawal. Coinbase's primary asset affected in this rotation is XRP, with no substantial movement noticed in Bitcoin, Ethereum, or other altcoins. Despite the wallet adjustments, the wider market has not experienced a major price disruption. This XRP wallet shift indicates a rebalancing of liquidity rather than an exit from the XRP ecosystem. Ripple's On-Demand Liquidity platforms, such as Bitstamp and BitGo, are speculated to be involved. Past events, like wallets re-structuring, often precede exchange upgrades or partnerships. Ripple co-founder Chris Larsen's $140M XRP sale is a notable historical precedent. The ongoing wallet management strategy could signal new institutional partnerships, custodial services, or regulatory compliance. Unverified commentary from analysts supports this view, while no major exchange sales seem imminent. No direct statements from Coinbase leadership have emerged regarding the XRP wallet rotation, highlighting a silence from the C-suite during this significant operational shift. "Outbound XRP flows are being sent in large, consolidated batches," hinting at a potential alignment with Ripple’s On-Demand Liquidity partners.

XRP's open interest has decreased by approximately $2.4 billion, raising concerns of potential market volatility in the cryptocurrency market. The decline highlights risks of leveraged positions and capital fluctuations, impacting derivative markets and related altcoins. The contraction aligns with growing selling pressure on exchanges. Cryptocurrency analysts are observing the trend closely, looking at historical patterns and speculative metrics, which suggest increased short-term volatility and potential for market corrections. Ripple and major exchanges like Binance and OKX are central to the situation. The $2.4 billion decrease has led to speculation about potential price corrections. XRP’s funding rates surged, indicating leverage imbalances. Lack of official regulator or institutional responses further complicates market participant concerns. Crypto experts highlight the risk of forced liquidations due to leveraged long positions. Historical trends show similar contractions have resulted in short-term price adjustments, though they don’t always lead to prolonged crashes. Past XRP open interest declines, like those in 2022 and 2023, resulted in price corrections but not long-term crashes. Similar phenomena have affected altcoins, reflecting inherent cyclical risks. Experts, such as those from Kanalcoin, suggest ongoing institutional capital rotations into altcoins heightens volatility. They emphasize that without significant leverage management, derivatives markets remain sensitive to abrupt changes.

Ripple's focus on emerging markets remains prominent, particularly within Africa. The company has established an operational hub in Kenya and plans further expansion into Nigeria and South Africa, aiming to leverage its On-Demand Liquidity (ODL) product, which utilizes XRP. This strategic move underscores Ripple's commitment to enhancing cross-border payment efficiency across the African continent. The institutional adoption of XRP continues to garner recognition. The Council of the European Union published a document highlighting XRP as one of several "non-EU crypto-assets" already holding significant institutional presence within European markets. This acknowledgment, while not a regulatory endorsement itself, reflects the established activity level surrounding the digital asset. Legal proceedings between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) persist. Ripple formally opposed the SEC's recent motion demanding audited financial statements and post-complaint contracts concerning institutional sales of XRP. This filing represents the latest development in the ongoing dispute over whether these specific sales constitute investment contracts. Further validating institutional interest, Swiss private banking group Pictet & Cie is reportedly exploring XRP for facilitating cross-border transactions. The exploration focuses on potentially using the token to settle payments between their UK and Swiss entities, indicating concrete use-case investigation by major financial institutions beyond Ripple's own network. Adding to its African footprint, Ripple formalized a significant partnership involving major Egyptian banks, including Banque Misr. This collaboration aims to utilize Ripple's technology to facilitate remittances, specifically targeting faster and more cost-effective money transfers into Egypt, further demonstrating real-world applications beyond ODL deployments.